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5 Things You May Not Know About Bitcoin

Bitcoin is a digital currency which was created in 2009 by a group of developers under the name of Satoshi Nakamoto. There is no need of transaction fee while doing payment in this digital currency and also the person’s real identity need not be disclosed. There is no regulatory authority for this currency because banks are not needed in digital space for holding digital currency. Bitcoin reached a record high of $11000 and dropped to $9000 in just few hours. Here are some facts about Bitcoin you must know.

Photo Credit : shutterstock

Limited Currency

Bitcoins are limited in numbers. These are only 21 Million in number and expected to be reached in the year 2140. Only a few Bitcoins are released into the system every ten minutes after solving complex algorithm by a global network of computers.